5 Best Buy-the-Dip Stocks To Buy Right Now

4. Charter Communications, Inc. (NASDAQ:CHTR)

Number of Hedge Fund Holders: 69

Industry: Communications 

Charter Communications, Inc. (NASDAQ:CHTR) is a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company provides subscription-based internet, video, mobile, and voice services. It is one of the best 52-week low stocks to consider. On February 2, Charter Communications, Inc. (NASDAQ:CHTR) reported a Q4 GAAP EPS of $7.07, missing Street consensus by $1.70. The revenue of $13.71 billion came in line with market estimates. 

According to Insider Monkey’s fourth quarter database, 69 hedge funds were long Charter Communications, Inc. (NASDAQ:CHTR), compared to 73 funds in the last quarter. Harris Associates is the largest stakeholder of the company, with more than 5 million shares worth $2 billion. 

Here is what Weitz Conservative Allocation Fund has to say about Charter Communications, Inc. (NASDAQ:CHTR) in its Q3 2023 investor letter:

“We swapped the Fund’s Liberty Broadband Corporation (NASDAQ:LBRDK) shares back to Charter Communications, Inc. (NASDAQ:CHTR) (Charter is by far Liberty Broadband’s largest asset), and the combined position was the most notable quarterly contributor. Investor sentiment around broadband’s competitive position became less negative, and the stocks rebounded nicely from what we considered oversold levels.”